Madrid-based private equity real estate firm Azora has raised €680m for its new fund focused on hotel investments around the Mediterranean. The vehicle, launched last year, surpassed its initial €600m target, revealing investors’ confidence in the recovery of the hospitality industry despite the impact of Covid-19.
The Azora European Hotel & Lodging fund has a €750m hard cap and aims to invest in leisure hotel opportunities across Europe, mainly in Spain. Azora said it will also target “smart urban lodging” providing flexible…
